Stocks that will see action today: June 19, 2023

Skipper has accumulated profits totaling Rs. 1,135 crore for the design, supply and construction of new transmission line projects for Powergrid Corporation as well as tower and pole export supplies to Latin America and the MENA region.

Kanpur Metro deployed ABB India electrification solutions for safe, reliable and high quality power distribution. ABB India contributes to the Indian metro systems by proving electrification solutions for 13 railway projects across India.

Caisse De Depot Et Placement DU Quebec, Canada’s second largest pension fund, sold Rs 1.05 crore equity or 0.88 percent stake in Piramal Pharma Ltd at an average price of Rs 94.48 per share, valued at Rs 99.86 crore. Cassie De Depot owned 5.53 per cent equity or Rs 6.59 crore shares in the company as of March 2023. According to NSE blockbuster transaction data, Vanguard Group Inc AC Vanguard Total International Stock Index Fund acquired 62.02 lakh shares in the company with an average of ​Price Rs 94.71 per share.

Private equity firm Warburg Pincus on Friday bought 6.4 crore shares of Kalyan Jewellers, or 6.2 per cent of its shares in NSE’s block deal window, in a deal valued at Rs 723.8 crore. The seller was Highdell Investment, a subsidiary of Warburg Pincus. Highdell owned 23.8 percent stake in the jewelry company as of March 31, bringing its stake down to 17.6 percent. The deal was concluded at a price of ₹ 113.10. Buyers included Nomura India Investment Fund, BNP Paribas Arbitrage Fund and Franklin Templeton MF, which bought around 3.4 crore shares.

Suraj Limited has agreed to acquire 47.06 per cent stake/equity in Suraj Enterprises Private Limited on a fully diluted basis, on a preferential basis for cash of approximately Rs.12.78 crore. Through strategic investment, the company and Suraj Enterprise Private Limited join hands for product development, new technologies and preferred relationship of supply in the field of angry and non-angry metals industry.

The US Food and Drug Administration (USFDA) has completed a GMP inspection at the API manufacturing facility of Dr. Reddy’s Laboratories Limited in Bolaram, Hyderabad, from 12th to 16th June.

Nexus Select Trust succeeded in raising Rs. 1,000 crore non-convertible coupon debentures (“NCDs”). The proceeds from the debt increase will be used primarily by the Nexus Select Trust to refinance bank loans at the special purpose vehicle level. With this refinancing, the Nexus Select Trust will be able to provide up to 60 basis points in interest savings, compared to the current interest rate.

Gufic Biosciences Limited has obtained approval from the National Medicinal Products Administration (NMPA), China, for our Prilocaine (API) which is an amide-type local anesthetic with fast onset and medium duration of action. This approval will help to market the said product in China and explore the Chinese market. Prilocaine has a similar clinical profile to lidocaine and is used for infiltration, peripheral nerve blocks, spinal and epidural anesthesia. Also, in combination with lidocaine, it is used for superficial anesthesia.

Wipro Limited has announced the launch of the Wipro Industry Innovation Experience for Energy and Utilities, featuring a new range of integrated digital solutions built on the Microsoft Cloud. The Innovation Experience combines the capabilities of Microsoft Cloud and Wipro FullStride Cloud with the goal of developing new solutions that will help energy and utility companies achieve strong, strategic and sustainable growth.

Ram Ratna Wires Ltd (RRWL) earlier announced a new manufacturing facility/plant at Industrial Area, Salarpur, Bhiwadi, Distt – Alwar, Rajasthan. The company has been allocated industrial land of 39,680 sqm in Industrial Area, Salarpur, Bhiwadi, Dist. – Alwar, Rajasthan, on a long term lease of 99 years by Rajasthan State Industrial Development & Investment Corporation Limited (RIICO), and RRWL acquired the said industrial land on 16th June. From RRWL, industrial land has been allocated, and land has been acquired.

The Reserve Bank of India has advised HDFC that it may hold commercial papers issued by HDFC until maturity. The bank should not renew or re-issue any commercial papers after the effective date of the proposed merger. The Bank will also transact with the Reserve Bank of India the crystallized amounts of all HDFC liabilities as of the Effective Date.

The Board of Directors of Axiscades Technologies has approved the 100 percent acquisition, in phases, of add solution GmbH in Germany. add solution GmbH specializes in automotive solutions for global OEMs. The acquisition will be carried out through AXISCADES GmbH. The acquisition cost is 5.50 million euros.

A subsidiary, Adani Digital Labs (ADL), has signed a stock purchase agreement for the proposed acquisition of a 100 percent stake in Stark Enterprises for an undisclosed amount. Also known as Trainman, Stark is an online train booking and information platform.